Fed Slashes Economic Outlook, Raises Inflation And Unemployment Rate Projection

Tyler Durden's picture

And it just gets uglier:

  • FED OFFICIALS SEE 2011 GDP 1.6%-1.7% VS 2.7%-2.9%
  • FED OFFICIALS SEE 2012 GDP 2.5%-2.9% VS 3.3%-3.7%
  • FED OFFICIALS SEE LONGER-RUN GDP 2.4%-2.7% VS 2.5%-2.8%
  • FED OFFICIALS SEE 2011 UNEMPLOYMENT 9.0%-9.1% VS 8.6%-8.9%
  • FED OFFICIALS SEE 2012 JOBLESS ESTIMATE 8.5%-8.7% VS 7.8%-8.2%
  • FED OFFICIALS SEE 2013 JOBLESS ESTIMATE 7.8%-8.2% VS 7.0%-7.5%
  • FED OFFICIALS SEE LONGER-RUN JOBLESS 5.2%-6.0% VS 5.2%-5.6%

Full breakdown:

Full announcement